President Joe Biden’s administration on Wednesday extended the pause on student loan payments. The pause was initially announced during the Trump administration in March 2020 due to the COVID-19 pandemic. The Biden administration extended it twice but was poised to let the pause end on Jan. 31, 2022. Even though the economy has recovered strongly and unemployment is low, “we know that millions of student loan borrowers are still coping with the impacts of the pandemic and need some more time before resuming payments,” Biden said in a statement explaining the new extension. “This additional extension of the repayment pause will provide critical relief to borrowers who continue to face financial hardships as a result of the pandemic, and will allow our administration to assess the impacts of Omicron on student borrowers,” Education Secretary Miguel Cardona said. Omicron is a variant of the CCP (Chinese Communist Party) virus, which causes COVID-19. The …